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Best’s Commentary: Budget Highlights the Growing Contribution of Insurance Premium Tax to UK Finances
March 11, 2021 GMT
LONDON (BUSINESS WIRE) Mar 11, 2021
Figures released by the U.K.’s Office for Budget Responsibility (OBR) as part of the country’s 2021 budget show the increasingly important contribution made by insurance premium tax (IPT) to the country’s finances.
Analysis outlined in a new
Best’s Commentary, “Budget Highlights the Growing Contribution of Insurance Premium Tax to UK Finances” shows the extent to which successive U.K. Chancellors of the Exchequer have relied on IPT to bolster the country’s tax receipts.
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